SOLUTION: A= 3700(1+.052/4)^(4)

Question 70006: A= 3700(1+.052/4)^(4)
Answer by bucky(2189) (Show Source): You can put this solution on YOUR website!

.............
Inside the parentheses, divide 0.052 by 4. The answer to that is 0.013. So inside the
parentheses you can replace by 0.013. This changes the problem to:

Now add the two terms in the parentheses to get a sum of 1.013. This simplifies the problem
to:

Raising a number to the 4th power is defined as multiplying it by itself a total of 4 times.
So is the same as . Calculator time. The product
is 1.053022817.
Note: some calculators have a function key that looks like or something
similar. You could use this key as follows: enter 1.013, press the key, and
then press 4, and finally press the = key. You should get 1.053022817 this way also.
Now all you have to do to get the answer is to multiply 3700 by 1.053022817. If you do you
should have the final answer as: 3896.184421
Hope this helps.

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